Prices down, PRNs up on this week’s scrap-ex price report

The price of many materials has fallen this week with less demand reported in the market and global events also having an impact, according to the latest scrap-ex price report.

However, the price of PRNs has picked up with most now increasing in price.

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With many of the major economies in the world either reporting slower growth (such as China) or recession (UK and a number of eurozone nations), the primary commodity markets have suffered and this has fed through to secondary commodity prices.

Mixed plastic bottles scrap-ex grade A were down this week to £235 to £245 compared to £235 to £255 on 12 April.

Natural PET bottles were only down at the top end to £355 from £360 on 12 April remaining at £320 at the bottom of the spread.

HDPE milk bottles have fallen to £365 to £410 from £370 to £415 last time. HDPE regrind has dropped to £415 to £450 from £420 to £455 on 12 April. 442 mixed bottles are down to £245 to £275 from £255 to £290 last time.

In paper grades, less demand has pushed down the price of OCC to £88 to £98 from £98 to £108 on 12 April. Mixed papers are down to £78 to £88 from £80 to £90 last time. However, office papers have increased to £122 to £130 from £116 to £122.

Copper dry bright is lower at £4,600 to £5,025 from £4,625 to £5,050 due to a falling copper price on the LME.

Aluminium cuttings have fallen to £985 to £1,175 from £1,050 to £1,200 on 12 April, while lead scrap is down to £975 to £1,100 from £1,020 to £1,275.

Aluminium cans are lower at £910 to £965 from £915 to £975 last time.

Ferrous grade 0A has fallen to £235 to £275 from £245 to £280.

Despite the falls in materials prices, the value of most packaging recovery notes (PRNs) has increased.

Plastic PRN has jumped most dramatically to £10 to £12 from £6.50 to £8.50 on 12 April. Paper has increased to £1.25 to £1.75 from £1.20 to £1.65 a couple of weeks ago.

Glass is up to £8.75 to £10.75 from £8.50 to £10.50 last time, while steel is up to £6.50 to £7.50 from £5.25 to £7.25 on 12 April.